and five other Acts to give the Australian Prudential Regulation Authority additional powers for crisis resolution and resolution planning in relation to regulated entities, including in relation to: statutory and judicial management; directions powers; transfer powers; conversion and write-off of capital instruments; stay provisions; foreign branches; the Financial Claims Scheme; and wind-up and other matters.

to: establish the Banking Executive Accountability Regime (BEAR) to impose accountability, remuneration, key personnel and notification obligations on authorised deposit-taking institutions and persons in director and senior executive roles; and provide the Australian Prudential Regulation Authority (APRA) with additional powers to investigate potential breaches of the BEAR and extend these powers to APRA’s other supervisory functions; and

to enable the Australian Prudential Regulation Authority (APRA) to makes rules and directions relating to the provision of finance by non-authorised deposit-taking institution lenders which APRA has identified may materially contribute to risks of instability in the Australian financial system; remove restrictions on the use of the term ‘bank’; and insert an objects provision; the

National Consumer Credit Protection Act 2009

to: require that the suitability of a credit card contract is assessed on the consumer’s ability to repay the credit limit within a certain period; prohibit providers from making unsolicited credit limit offers in relation to credit card contracts and from retrospectively charging interest on credit card balances; and enable consumers to reduce credit card limits and terminate credit card contracts, including by online means; and

to replace the Exploration Development Incentive with the Junior Minerals Exploration Incentive, which will enable junior exploration companies undertaking greenfields minerals exploration to distribute their tax losses as a refundable tax offset to investors who have purchased newly issued shares; and

to: provide for the collection of the nomination training contribution charge; enable nominations to be accepted from persons who have applied to be an approved sponsor or have entered into negotiations for a work agreement; enable the minister to determine the manner in which labour market testing for a nominated position must be undertaken and the kinds of evidence that must accompany a nomination; and make amendments contingent on the commencement of the proposed

to: increase the current statutory price reduction that applies when the first new brand of an existing pharmaceutical item is listed on the Pharmaceutical Benefit Scheme (PBS); extend and introduce statutory price reductions applying on certain anniversaries of an F1 formulary drug being listed on the PBS; introduce ministerial discretion in relation to the application of statutory price reductions in certain circumstances; make minor amendments to price disclosure arrangements; provide new circumstances whereby a new presentation of a brand of pharmaceutical item may be listed without being subject to a new brand statutory price reduction; continue the operation of the Australian Community Pharmacy Authority and the pharmacy location rules beyond 30 June 2020; and make technical amendments.

to: expand the unexplained wealth regime to cover wealth that is derived or realised, directly or indirectly, from certain offences; clarify that property becomes ‘proceeds’ or an ‘instrument’ where encumbrances, securities, liabilities or improvements on the property are funded using ‘proceeds’ or an ‘instrument’ of an offence; clarify that property will only be ‘lawfully acquired’ in situations where the property or wealth is not ‘proceeds’ or an ‘instrument’ of an offence; and provide that ‘improvements’ extends to additions to, altering, repairing, restoring, structuring, restructuring or any other change to property or wealth (whether or not it results in an increase in the value of the property or wealth).